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Educational Funding

Educational Funding at Herzing College Toronto

Your education is one of the most important investments you’ll make in your lifetime, and we realize that you may need assistance in paying for tuition. Our Educational Funding department will help you to navigate through the different funding options that may be available to you.

Student Loans 

Financial assistance may be available for those who qualify.  Click to learn more about the Ontario Student Assistance Program.

To best determine funding options that may be available to you, click to complete our Funding Assessment.

Self-Funded

Self-funding all, or part of your education, is one of the best ways to invest in your future. Perhaps you’ve set aside money over the years to invest in an education (RRSP,RESP), or you’re planning to work while in school. Your family and relatives can also be a source of financial support to consider. Arrangements may be made with Herzing College’s Educational Funding Department for full, weekly, bi-weekly or monthly payment of your tuition education.

Student Line of Credit

A Student Line of Credit gives you access to funds that you can use to pay for tuition and other expenses. With most student line of credit you only have to apply once, and the money is there for you to borrow as you need it. And, in most cases there are no annual or monthly fees – you pay interest only on what you borrow.

There are many Student Line of Credit programs offering a variety of specially designed programs.

• Bank of Montreal – BMO Student Line of Credit.
• TD Canada – Trust Student Line of Credit.
• RBC Royal Bank – Royal Line of Credit for Student.
• Scotiabank – ScotiaLine Personal Line of Credit for Students.
• CIBC – Education Line of Credit.

Scholarships, Bursaries, Grants

Herzing offers a variety of scholarships which are  available to qualifying students. Bursaries and grants may also be available through the Provincial and Federal government.

William R Rootham Scholarships: Each year up to $20,000 ($5,000 per main campus) in William R Rootham Scholarships will be awarded to selected student who are enrolling in technology programs such as networking or programming. The Scholarships will generally be for $1,000 and will be applied pro-rata over the length of the program.  Except for a sudden change in a student’s financial condition, the Scholarship must be applied for prior to commencing classes at Herzing. A William R Rootham Scholarship Application may be obtained from the admissions department. The scholarships will be awarded based upon three separate criteria.

  1. Aptitude: a minimum of 25 on the Herzing Alternative Admissions Test. Scholarships will be awarded on a “first come first serve” basis. A total of 2/$1,000 scholarships will be awarded per campus.
  2. Need Based: limited to applicants who require additional funding to cover either living expenses or to cover tuition payments when available funding is less than total tuition and fees. Also awarded on a “first come first serve” basis. At total of 2/$1,000 scholarships will be awarded per campus.
  3. Interest in Field: awarded to applicants who can best express their interest in an education in the field of technology. A total of 1/$1,000 scholarships will be awarded per campus. We will use social media submissions to select a group of qualified entries from which a winner will be selected for the scholarships.

Academic Scholarship: A $1,000 scholarship is awarded to any applicant student who achieves a score of 28 or better on the Herzing Alternative Admissions Test.

Alumni Referral Scholarships: 

Herzing College Alumni is eligible to offer one  scholarship worth either $1,000 for a program of 9 months in duration or longer or $500 for a program under 9 months in duration to a relative. Herzing College Alumni have the option to offer one $500 referral scholarship to any person they wish to recommend to the college.

High School Scholarships: 

  1. High School Faculty Scholarship Award:  Each school is given the opportunity to award three scholarships annually to three students based on their own criteria (maximum award is $1,000 for courses 9 months or longer, for courses under 9 months the prospective student receives $500).
  2. High School Graduate Scholarship Program: Students graduating from High school are eligible for a scholarship of $60 per month for the duration of a selected program.  The student must  submit an application and include a recommendation from a high school official.

The awarding of any of the above scholarships or grants is conditional upon candidates meeting our admissions criteria. Herzing reserves the right right to deny the awarding of any scholarship at its sole discretion and may do so without prejudice.

For further information on any of the options listed above, as well as other financial concerns, please contact an Admissions Advisor at 416.599.6996

 

Click for the 2017 Ontario student loan default and repayment assistance usage rates in English and in French

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